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This is no bluff: > Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote. https://twitter.com/elon
by mythz 8y ago
This is no bluff:
> Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote.
https://twitter.com/elonmusk/status/1026914941004001280 https://twitter.com/elonmusk/status/1026914941004001280
- Kylekramer 8y agoYou are saying it isn't a bluff with evidence from the potential bluffer.
- mythz 8y agoHe would be liable for Market manipulation and securities fraud if this was not true.
- dragonwriter 8y agoX would be guilty of fraud if this isn't true is only proof of its truth if you treat it as axiomatic that X would never commit fraud.
- arvind3199 8y agoYes he is, Where do you get 66 billion $. Investor support dosen't mean he has the financing. Don't quote a tweet, get some real sources. "And yet it also left many questions unanswered, namely how Musk -- who owns almost 20 percent of the company -- would be able to come up with the $66 billion necessary to complete the transaction. At $420 a share, Tesla would have an enterprise value of about $82 billion including debt. To take it private, the billionaire would have to pull off the largest leveraged buyout in history, surpassing Texas electric utility TXU’s in 2007."
- mythz 8y agoThat's an announcement from the CEO of Tesla. The details are still forthcoming but there is no greater source. $66B is inaccurate, Tesla would only need to buy from the shareholders that wish to sell at $420.